---
title: "Goldi Solar vs AE Solar - Brand Comparison | ComparePV"
description: "Compare Goldi Solar vs AE Solar solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/goldi-solar-vs-ae-solar"
---

# Goldi Solar vs AE Solar

AE Solar has the broader catalog (646 vs 145 models). AE Solar leads on peak efficiency at 24.43%. Goldi Solar leans bifacial (79% of lineup).


## The two companies


| Attribute | Goldi Solar | AE Solar |
| --- | --- | --- |
| Country | India | Germany |
| Headquarters | Surat | Gersthofen |
| Founded | 2011 | 2003 |
| Employees | 250-499 Employees | 501-1000 |
| Annual capacity | 15.2 GW/year | 2+ GW/year |
| Tier 1 | yes | yes |
| Listed |  |  |
| Website | [http://www.goldisolar.com](http://www.goldisolar.com) | [https://ae-solar.com](https://ae-solar.com) |

Goldi Solar is a leading Indian solar PV module manufacturer and EPC service provider committed to accelerating the transition to sustainable energy. Established in 2011 and headquartered in Surat, Gujarat, the company offers cutting-edge solar solutions that power industries, businesses, and communities across more...

AE Solar is a German Tier 1 manufacturer of high-efficiency photovoltaic (PV) modules. The company specializes in producing durable and innovative solar panels with German engineering standards, offering solutions for residential, commercial, and utility-scale applications. AE Solar operates in over 100 countries and...


## Catalog & Power


| Measure | Goldi Solar | AE Solar | Margin |
| --- | --- | --- | --- |
| Panel Models | 145 | 646 | +501 |
| Max Power | 715 W | 730 W | +15 W |
| Avg Power | 513 W | 489 W | +24 W |


## Efficiency


| Measure | Goldi Solar | AE Solar | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.03% | 24.43% | +1.40 pp |
| Avg Efficiency | 21.16% | 21.11% | +0.05 pp |


## Reliability & Warranty


| Measure | Goldi Solar | AE Solar | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.326%/°C | -0.312%/°C | +0.014 |
| Bifacial Share | 115 (79%) | 405 (63%) | +17 pp |
| Avg Warranty | 27.6 yrs | 29.7 yrs | +2.1 yr |


## Efficiency distribution

AE Solar skews to higher efficiency: 9% of lineup is 23%+


| Efficiency band | Goldi Solar | AE Solar |
| --- | --- | --- |
| \<20% | 4 (2.8%) | 74 (11.5%) |
| 20-21% | 67 (46.2%) | 171 (26.5%) |
| 21-22% | 47 (32.4%) | 142 (22.0%) |
| 22-23% | 25 (17.2%) | 199 (30.8%) |
| 23%+ | 2 (1.4%) | 60 (9.3%) |


## Power distribution

AE Solar offers more 600W+ panels (13% of lineup)


| Power band | Goldi Solar | AE Solar |
| --- | --- | --- |
| \<400W | 8 (5.5%) | 78 (12.1%) |
| 400-499W | 59 (40.7%) | 329 (50.9%) |
| 500-599W | 59 (40.7%) | 154 (23.8%) |
| 600-699W | 12 (8.3%) | 55 (8.5%) |
| 700W+ | 7 (4.8%) | 30 (4.6%) |


## Cell technology

Dominant cell tech: **PERC** (74%)

Dominant cell tech: **TOPCon** (54%)


| Technology | Goldi Solar | AE Solar |
| --- | --- | --- |
| PERC | 107 (73.8%) | 245 (37.9%) |
| TOPCon | 31 (21.4%) | 349 (54.0%) |
| HJT | 7 (4.8%) | 5 (0.8%) |
| Back Contact | 0 | 21 (3.3%) |
| N-type | 0 | 17 (2.6%) |
| BIPV | 0 | 9 (1.4%) |


## Top panels, Goldi Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [GS12-T132-GF-715](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-715) | 715 | 23.0 | -0.280 | Monocrystalline |
| 2 | [GS12-T132-GF-710](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-710) | 710 | 22.9 | -0.280 | Monocrystalline |
| 3 | [G12 Series 710Wp](https://comparepv.com/panel/goldi-solar-g12-series-710wp) | 710 | 22.9 | -0.259 | Monocrystalline |
| 4 | [GS12-T132-GF-705](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-705) | 705 | 22.7 | -0.280 | Monocrystalline |
| 5 | [G12 Series 705Wp](https://comparepv.com/panel/goldi-solar-g12-series-705wp) | 705 | 22.7 | -0.259 | Monocrystalline |
| 6 | [GS12-T132-GF-700](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-700) | 700 | 22.5 | -0.280 | Monocrystalline |
| 7 | [G12 Series 700Wp](https://comparepv.com/panel/goldi-solar-g12-series-700wp) | 700 | 22.5 | -0.259 | Monocrystalline |
| 8 | [GS12-T132-GF-695](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-695) | 695 | 22.4 | -0.280 | Monocrystalline |
| 9 | [G12 Series 695Wp](https://comparepv.com/panel/goldi-solar-g12-series-695wp) | 695 | 22.4 | -0.259 | Monocrystalline |
| 10 | [GS12-T132-GF-690](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-690) | 690 | 22.2 | -0.280 | Monocrystalline |


## Top panels, AE Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [CME-132BDS-730](https://comparepv.com/panel/ae-solar-cme-132bds-730) | 730 | 23.5 | -0.290 | Monocrystalline |
| 2 | [CME-132BDS-730W](https://comparepv.com/panel/ae-solar-cme-132bds-730w) | 730 | 23.5 | -0.290 | Monocrystalline |
| 3 | [CME-132BDS-725](https://comparepv.com/panel/ae-solar-cme-132bds-725) | 725 | 23.4 | -0.290 | Monocrystalline |
| 4 | [CME-132-725W](https://comparepv.com/panel/ae-solar-cme-132-725w) | 725 | 23.4 | -0.290 | Monocrystalline |
| 5 | [CME-132BDS-725W](https://comparepv.com/panel/ae-solar-cme-132bds-725w) | 725 | 23.4 | -0.290 | Monocrystalline |
| 6 | [AE CME-132 720](https://comparepv.com/panel/ae-solar-ae-cme-132-720) | 720 | 23.2 | -0.290 | Monocrystalline |
| 7 | [CME-132BDS-720](https://comparepv.com/panel/ae-solar-cme-132bds-720) | 720 | 23.2 | -0.290 | Monocrystalline |
| 8 | [AE CME-132-720](https://comparepv.com/panel/ae-solar-ae-cme-132-720-1) | 720 | 23.2 | -0.290 | Monocrystalline |
| 9 | [CME-132-720W](https://comparepv.com/panel/ae-solar-cme-132-720w) | 720 | 23.2 | -0.290 | Monocrystalline |
| 10 | [CME-132BDS-720W](https://comparepv.com/panel/ae-solar-cme-132bds-720w) | 720 | 23.2 | -0.290 | Monocrystalline |


## Summary

AE Solar was founded in 2003 in Germany and has accumulated more than two decades of photovoltaic manufacturing experience, establishing itself as a premium European-standard brand with production facilities spread across China, Georgia, and Turkey and a presence in over 95 countries. The company holds Bloomberg NEF Tier 1 bankable status and reports a production capacity exceeding 2 GW. Goldi Solar, founded in 2011 in Surat, India, is a younger but aggressively scaled manufacturer that has grown its production capacity to 15.2 GW, achieved Tier 1 bankability since 2020, and expanded into more than 20 countries. Goldi Solar has also attracted substantial investment interest, with a proposed fundraise of up to Rs. 1,300 crore that includes a Rs. 600 crore commitment from Havells India, signaling strong confidence in its continued growth trajectory.

On the technology side, AE Solar's portfolio of 442 models is led by N-type TOPCon cells - representing nearly 50% of its lineup - delivering a maximum panel efficiency of 24.43% and a peak output of 730 Wp, with an average efficiency of 21.34% and an average warranty of approximately 29.7 years. The company's Meteor series earned the Kiwa PVEL Top Performer Award 2025 and a five-star rating in PV Magazine's module test, making AE Solar a strong choice for residential rooftop installs and commercial C&I projects where certified performance quality and long-term warranty coverage are priorities. Goldi Solar's 110-model portfolio is predominantly PERC-based (73.6%), reaching a maximum efficiency of 23.03% and a peak output of 715 Wp, with an average efficiency of 21.17% and an average warranty of approximately 27.6 years. Its most striking metric is its bifacial panel share of 83.6%, combined with a favorable temperature coefficient and massive manufacturing scale - qualities that make it a compelling option for utility-scale ground-mount procurement where bifacial energy yield gains and competitive per-watt pricing drive project economics.

For international buyers choosing between the two, the decision hinges primarily on project type and geographic context. AE Solar offers a broader product range, higher peak efficiency, a longer average warranty, and well-established European market credibility - advantages that carry the most weight in residential and mid-scale C&I projects across Europe. Goldi Solar brings superior manufacturing throughput, a high bifacial ratio, and a cost structure suited to large-volume utility procurement, particularly in markets where Indian-origin modules have strong acceptance. Since both manufacturers hold Tier 1 status, financial bankability is not a differentiating factor, and buyers can focus their evaluation on technical fit and regional supply chain reliability.

Written by claude-sonnet from the figures above.


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Source: https://comparepv.com/goldi-solar-vs-ae-solar

Not in this file, on the page: the distributions above drawn as charts.